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  what does off quotes mean in mt4

  Posted by s on July 11, 2024 at 20:48

  In MetaTrader 4 (MT4), the “off quotes” error message typically indicates a problem with the price feed from the broker or a disruption in the connection between the MT4 platform and the broker’s server. This error prevents the execution of trades and can be frustrating for traders. Here are the common reasons for the “off quotes” error and how to address them:

  Common Causes of “Off Quotes” Error

  1. No Price Update: The most frequent cause is that there are no current prices available for the selected trading instrument. This might happen during periods of low liquidity or when the market is closed.
  2. Internet Connection Issues: A weak or intermittent internet connection can cause disruptions in the price feed, resulting in the “off quotes” error.
  3. Server Issues: Sometimes, the broker’s server might be experiencing issues or undergoing maintenance, leading to disruptions in the price feed.
  4. Trading Platform Problems: Errors or glitches within the MT4 platform itself can sometimes cause this issue.
  5. Pending Order Execution: If a pending order is set to execute at a specific price, and that price is no longer available, the platform might show the “off quotes” error.

  Common Causes of the “Off Quotes” Error

  1. Connection Issues

  One of the primary reasons for the “off quotes” error is a poor or intermittent internet connection. This can disrupt the communication between your MT4 platform and the broker’s server, leading to the error.

  2. Deviation Settings

  Another common cause is related to the deviation settings. In volatile market conditions, the price might move quickly, and if your maximum deviation setting is too tight, the order could be rejected because the market price is outside the allowable range.

  3. Volatile Market Conditions

  During periods of high volatility, the market price can change rapidly, causing discrepancies between the order price and the current market price, which can trigger the “off quotes” error.

  How to Fix the “Off Quotes” Error

  Step 1: Check Your Connection

  Firstly, ensure that your internet connection is stable:

  • Restart your modem/router: Sometimes a simple restart can fix connectivity issues.
  • Switch to a wired connection: If you’re using Wi-Fi, try using an Ethernet cable for a more stable connection.
  • Contact your ISP: If you’re experiencing consistent issues, contact your internet service provider for assistance.

  Step 2: Adjust Deviation Settings

  If the issue is not with your connection, it might be related to your deviation settings. The maximum deviation setting controls how much slippage you are willing to accept when executing an order.

  How to Adjust Deviation Settings:

  

  1. Open MT4: Launch the MetaTrader 4 platform.
  2. Go to Tools: Click on Tools in the menu bar.
  3. Select Options: From the dropdown menu, select Options.
  4. Navigate to Trade Tab: In the Options window, click on the Trade tab.
  5. Set Deviation: Under the Deviation by default, click Default and enter a number greater than zero in the pips field. For example, setting it to 30 means a deviation of 3 pips.
  6. Click OK: Confirm the changes by clicking OK.

  Step 3: Retry Placing Your Order

  After adjusting the deviation settings, try placing your order again. The increased deviation setting should help accommodate the fast-moving prices, especially during volatile market conditions.

  Summary

  The “off quotes” error in MT4 can often be resolved by ensuring a stable internet connection and adjusting the deviation settings to account for market volatility. By following these steps, you can improve your chances of successfully executing your trades without encountering this error. If the problem persists, don’t hesitate to reach out to your broker’s customer support for further assistance.

  s replied 4 months, 2 weeks ago 1 Member · 0 Replies
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